Montag A & Associates Inc. Decreases Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Montag A & Associates Inc. reduced its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,160 shares of the company’s stock after selling 593 shares during the period. Montag A & Associates Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $4,458,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SPHQ. Woodmont Investment Counsel LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth $25,000. ORG Partners LLC purchased a new stake in Invesco S&P 500 Quality ETF in the second quarter valued at $45,000. Pineridge Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the first quarter valued at $47,000. Sound Income Strategies LLC lifted its position in Invesco S&P 500 Quality ETF by 58.0% in the first quarter. Sound Income Strategies LLC now owns 915 shares of the company’s stock valued at $55,000 after acquiring an additional 336 shares during the last quarter. Finally, Mitchell Sinkler & Starr PA purchased a new stake in Invesco S&P 500 Quality ETF in the first quarter valued at $60,000.

Invesco S&P 500 Quality ETF Stock Up 1.0 %

SPHQ traded up $0.68 on Friday, reaching $66.64. The company had a trading volume of 616,172 shares, compared to its average volume of 973,840. The stock has a 50-day moving average price of $64.30 and a 200-day moving average price of $61.62. Invesco S&P 500 Quality ETF has a 1 year low of $47.72 and a 1 year high of $66.66. The stock has a market capitalization of $9.96 billion, a PE ratio of 22.60 and a beta of 0.98.

About Invesco S&P 500 Quality ETF

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap.